Home Archive by category "Wills and Trusts" (Page 2)

Category: Wills and Trusts

Los Angeles Will and Trust Lawyer: How to Use Designation Documents to Make Your Healthcare and Financial Wishes Known

All adults should create advance directives at some point in their lifetime, preferably sooner rather than later. Advance directives, also known as designation documents, are documents that help you decide how your finances and health care decisions will be handled if you ever become incapacitated or decide you no longer want to be in charge of those decisions. These documents include a Power of Attorney and Advanced Health Care Directive, and even if you already have these documents, it’s important to have them reviewed by an experienced Los Angeles County will and trust lawyer every few years to make sure they still match your wishes and your current situation.

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Encino Trust Lawyer: How to Change a Revocable Living Trust

As circumstances change and life throws new challenges our way, it’s important to take a look at your future plans and make sure they still match your wishes. This means examining your existing estate plan and making changes if necessary, which is especially true for your revocable living trust.

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Encino Trust Lawyer: Everything You Need to Know About Estate Planning for Blended Families

Here is a situation that happens all too often to seniors and boomers who decide to remarry late in life:

Following their wedding, a couple who each have their own children and grandchildren do not create an estate plan. When the first spouse dies – in this case, let’s say the husband – any community property he has with his wife will pass directly to her.  Or, in the event of separate property, it’s split 50/50 if there is one child, or if there is more than one child, one third will go to the new wife and two thirds to the kids.

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